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U.S. REITS Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies19
  • 7D-0.5%
  • 3M5.1%
  • 1Y7.6%
  • YTD8.7%

Last week, the REITS industry hasn't moved much but NexPoint Diversified Real Estate Trust is up 12% in that time. As for the the longer term, the industry is up 7.6% over the past 12 months. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the U.S. REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026US$35.8bUS$5.5bUS$697.8m44.6x51.4x6.5x
Fri, 29 May 2026US$35.9bUS$5.4bUS$711.7m42.9x50.4x6.6x
Sun, 26 Apr 2026US$40.8bUS$7.0b-US$127,499,621.0030.9x-320.2x5.9x
Tue, 24 Mar 2026US$38.5bUS$6.9b-US$85,923,385.0029.5x-448x5.6x
Thu, 19 Feb 2026US$42.8bUS$7.4b-US$170,652,402.0029.1x-250.8x5.7x
Sat, 17 Jan 2026US$34.4bUS$7.5b-US$252,955,402.0032.1x-135.9x4.6x
Mon, 15 Dec 2025US$33.3bUS$6.0bUS$422.0m33x79x5.6x
Wed, 12 Nov 2025US$33.5bUS$6.0bUS$423.4m29.9x79.1x5.6x
Fri, 10 Oct 2025US$33.5bUS$6.1bUS$423.7m31x79x5.5x
Sun, 07 Sep 2025US$34.6bUS$6.1bUS$468.9m30.5x73.8x5.7x
Tue, 05 Aug 2025US$33.2bUS$6.4bUS$483.7m24.2x68.7x5.2x
Thu, 03 Jul 2025US$33.9bUS$6.3bUS$598.5m27.2x56.6x5.4x
Sat, 31 May 2025US$33.9bUS$6.3bUS$598.1m25.8x56.7x5.4x
Mon, 28 Apr 2025US$34.6bUS$7.1bUS$754.4m25.2x45.9x4.9x
Wed, 26 Mar 2025US$35.6bUS$7.0bUS$871.7m28.1x40.9x5.1x
Fri, 21 Feb 2025US$35.6bUS$6.9bUS$850.3m26.4x41.9x5.1x
Sun, 19 Jan 2025US$34.9bUS$7.0bUS$878.8m25.9x39.7x5x
Tue, 17 Dec 2024US$37.1bUS$7.0bUS$878.8m29x42.2x5.3x
Thu, 14 Nov 2024US$36.7bUS$7.1bUS$761.8m28.6x48.2x5.2x
Sat, 12 Oct 2024US$37.7bUS$7.0bUS$622.4m25.9x60.6x5.4x
Mon, 09 Sep 2024US$37.7bUS$6.8bUS$565.4m29.4x66.7x5.5x
Wed, 07 Aug 2024US$35.0bUS$6.8bUS$643.8m26.4x54.3x5.2x
Fri, 05 Jul 2024US$33.5bUS$6.8bUS$676.6m25.1x49.5x4.9x
Sun, 02 Jun 2024US$33.7bUS$6.9bUS$664.0m23.9x50.8x4.9x
Tue, 30 Apr 2024US$32.5bUS$6.7bUS$827.0m23.2x39.2x4.8x
Thu, 28 Mar 2024US$33.2bUS$6.5bUS$903.8m26.2x36.8x5.1x
Sat, 24 Feb 2024US$32.6bUS$6.4bUS$941.6m26.2x34.6x5.1x
Mon, 22 Jan 2024US$85.5bUS$21.2bUS$876.1m24.9x97.6x4x
Wed, 20 Dec 2023US$85.8bUS$21.3bUS$878.5m27.8x97.7x4x
Fri, 17 Nov 2023US$82.0bUS$21.3bUS$876.0m23.6x93.6x3.8x
Sun, 15 Oct 2023US$80.0bUS$21.1bUS$1.0b21.2x78.3x3.8x
Tue, 12 Sep 2023US$83.1bUS$21.1bUS$1.0b23.4x81.2x3.9x
Thu, 10 Aug 2023US$84.1bUS$21.1bUS$1.2b21x72.7x4x
Sat, 08 Jul 2023US$83.1bUS$20.9bUS$1.2b22.3x70.6x4x
Price to Earnings Ratio

70.6x


Total Market Cap: US$83.1bTotal Earnings: US$1.2bTotal Revenue: US$20.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -13.7x202420252026
Current Industry PE
  • Investors are optimistic on the American REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 51.4x which is higher than its 3-year average PE of -13.7x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 6.5x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 16% per year over the last three years,
  • Revenues have also declined 36% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Real Estate industry?

US Market1.92%
Real Estate-0.34%
REITS-0.54%
Healthcare REITs4.04%
Residential REITs3.64%
Office REITs3.02%
Retail REITs1.37%
Specialized REITs0.49%
Diversified REITs-0.54%
Hotel and Resort REITs-0.74%
Industrial REITs-4.44%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry even though it's trading below its 3-year average PE ratio of 373x.
    • Analysts are expecting annual earnings growth of 24.3%, which is higher than its past year's earnings growth of 20.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NXDT NexPoint Diversified Real Estate TrustUS$5.1911.6%
+US$27.9m		19.3%PB0.4x
CTO CTO Realty GrowthUS$21.513.3%
+US$23.0m		22.8%PB1.3x
AAT American Assets TrustUS$24.691.4%
+US$20.9m		24.5%PB1.3x
AHRT AH REALTY TRUSTUS$7.084.0%
+US$20.5m		0.6%PB1.3x
PINE Alpine Income Property TrustUS$20.766.3%
+US$20.3m		41.8%PB1.1x

Latest News

GNL
US$8.94
Global Net Lease
7D
-2.5%
1Y
17.2%
NXDT
US$5.19
NexPoint Diversified Real Estate Trust
7D
11.6%
1Y
19.3%
EPRT
US$29.85
Essential Properties Realty Trust
7D
-1.6%
1Y
-6.7%
BNL
US$20.67
Broadstone Net Lease
7D
-1.8%
1Y
26.7%
WPC
US$71.50
W. P. Carey
7D
-1.1%
1Y
13.5%
Seeking Alpha • Jun 28

W. P. Carey: 5% Yield, 11% AFFO Growth, And BBB+ Balance Sheet

Summary W. P. Carey offers a 5.1% yield and consistent dividend growth, supported by a diversified, industrial-focused portfolio. WPC's industrial-focused, diversified portfolio and disciplined acquisition pipeline support continued AFFO/share growth and dividend increases. Management raised full-year investment pipeline guidance to $1.5–$2.0 billion, reflecting confidence in ongoing accretive acquisitions. I maintain a 'Buy' rating on WPC for its attractive yield, strong balance sheet, and reasonable valuation versus peers. Read the full article on Seeking Alpha
AAT
US$24.69
American Assets Trust
7D
1.4%
1Y
24.5%
Narrative Update • Jun 26

AAT: Elevated P E And Insider Euphoria Will Test Margin Assumptions

Analysts have lifted their price target on American Assets Trust from $19.00 to $20.50, citing updated assumptions for slightly higher revenue growth, a wider profit margin, a lower discount rate, and a revised future P/E multiple. What’s in the News for American Assets Trust Executive Chairman Ernest S.
GOOD
US$12.30
Gladstone Commercial
7D
1.6%
1Y
-15.2%
Narrative Update • Jun 25

GOOD: Stable Cash Flows And Portfolio Quality Will Support Future Upside Potential

Analysts kept their $13.88 price target for Gladstone Commercial unchanged, citing a steady fair value estimate, along with only marginal tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News for Gladstone Commercial No recent news stories, periodical coverage, or key developments were provided for Gladstone Commercial in the available sources.
CTO
US$21.51
CTO Realty Growth
7D
3.3%
1Y
22.8%
Narrative Update • Jun 25

CTO: Steady Fair Value And 2026 Guidance Will Shape Future Returns

Analysts kept their fair value estimate for CTO Realty Growth steady at $23.00, citing largely unchanged assumptions around the discount rate, revenue growth, profit margin, and future P/E in their updated price target work. What’s in the News for CTO Realty Growth Reported completion of a share repurchase program announced on September 24, 2025, with a total of 307,563 shares bought back, representing 0.94% of shares, for US$5 million.
PINE
US$20.76
Alpine Income Property Trust
7D
6.3%
1Y
41.8%
AHRT
US$7.08
AH REALTY TRUST
7D
4.0%
1Y
0.6%
Narrative Update • Jun 22

AHRT: Share Repurchases And Leasing Progress Will Support Future Margin Stability

The analyst price target for AH Realty Trust has shifted to $7.00 from $7.88 as analysts factor in a lower fair value estimate, along with adjustments to the discount rate, revenue growth, profit margin expectations, and future P/E assumptions informed by recent sector-wide REIT valuation updates. Analyst Commentary Recent research on AH Realty Trust reflects a mixed but generally balanced view, with price targets and ratings signaling both optimism about execution and caution around valuation for a smaller REIT in a sector seeing broad recalibrations.
MDV
US$17.40
Modiv Industrial
7D
-3.3%
1Y
19.5%
SQFT
US$2.52
Presidio Property Trust
7D
-6.2%
1Y
-55.1%
GIPR
US$0.17
Generation Income Properties
7D
-2.3%
1Y
-88.9%
MKZR
US$1.71
MacKenzie Realty Capital
7D
-3.4%
1Y
-74.6%